AML & KYC Policy

Last Updated: [Date]

Introduction

At Lima Finance, owned and operated by EMich Technology (M) Sdn. Bhd., we are committed to maintaining the highest standards of integrity, security, and regulatory compliance. This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines the measures we take to prevent financial crime, protect our platform, and ensure compliance with applicable laws and regulations.

We operate a zero-tolerance approach toward money laundering, terrorism financing, fraud, and other illicit financial activities.

Objectives

The objectives of this policy are to:

• Prevent the use of our services for money laundering or terrorist financing

• Ensure proper identification and verification of customers

• Monitor transactions for suspicious activities

• Comply with applicable AML/CFT regulations

• Protect the integrity of our financial system and platform

Know Your Customer (KYC) Requirements

Before providing access to financial services, we may require customers to complete identity verification.

KYC Information We May Collect:

• Full name

• Date of birth

• National identification number (NRIC/Passport)

• Residential address

• Phone number and email address

• Proof of identity (e.g., ID card or passport)

• Proof of address (e.g., utility bill or bank statement)

• Employment or income information (where applicable)

Verification Process:

• Identity validation using submitted documents

• Cross-checking against internal or external databases (where applicable)

• Risk-based customer assessment

• Ongoing verification updates when required

Failure to complete KYC requirements may result in restricted access or rejection of services.

Customer Due Diligence (CDD)

We apply Customer Due Diligence procedures to assess risk levels associated with each customer.

This includes:

• Verifying customer identity

• Understanding the nature of the customer’s financial activities

• Assessing risk based on profile and transaction behavior

• Applying enhanced due diligence for higher-risk customers

Enhanced Due Diligence (EDD)

For customers identified as higher risk, we may apply additional verification measures such as:

• Source of funds verification

• Source of wealth assessment

• Additional identity documentation

• More frequent monitoring of transactions

• Approval from compliance personnel

Transaction Monitoring

We monitor customer transactions to identify suspicious or unusual activity.

Examples of monitored activity include:

• Unusual transaction patterns

• Large or unexplained fund movements

• Rapid loan repayments or withdrawals inconsistent with profile

• Transactions inconsistent with customer behavior

Suspicious activity may be investigated further and reported to relevant authorities if required.

Reporting Suspicious Activity

If we detect or suspect money laundering, fraud, or other illegal activity, we may:

• Freeze or restrict account access

• Conduct internal investigations

• Request additional documentation

• Report the activity to relevant regulatory or law enforcement authorities

We comply fully with applicable reporting obligations.

Record Keeping

We maintain records of:

• Customer identification documents

• Transaction history

• Verification records

• Risk assessments

• Compliance reviews

These records are retained for the period required by applicable laws and regulations.

Employee Responsibilities

All employees and relevant personnel are required to:

• Follow AML/KYC procedures

• Report suspicious activities immediately

• Complete required compliance training

• Maintain confidentiality of sensitive information

• Act in accordance with internal compliance policies

Risk-Based Approach

We apply a risk-based approach to AML/KYC compliance, meaning:

• Lower-risk customers may require standard verification

• Higher-risk customers may require enhanced verification

• Ongoing monitoring is adjusted based on risk level

This allows us to balance security with customer experience.

Data Protection

All personal data collected under this policy is handled in accordance with our Privacy Policy and applicable data protection laws. We ensure appropriate safeguards are in place to protect customer information.

Policy Updates

We may update this AML & KYC Policy periodically to reflect changes in laws, regulations, or internal procedures. The updated version will be published on our website.

Contact Us

If you have questions regarding this AML & KYC Policy or your verification process, please contact us:

Lima Finance
Owned and Operated by EMich Technology (M) Sdn. Bhd.

Email: compliance@limafinance.com
Phone: +60 3-XXXX XXXX

We are committed to maintaining a safe, compliant, and trustworthy financial environment for all users.